FRANCE AND THE STERLING.
(To the (Editor.) Si r> jn m y letter which appears in this morning’s issue, I had omitted to add the word metal to sovereigns, which made the sentence read as though the franc wa>s established at a ratio of 15 to 1 with the English sovereign, which of course would be incorrect, lhe franc of 100 centimes ie of the value of Old., or 25.225 francs to the pound sterling. Since 1803 France has maintained her silver issue at a ratio of 15A to 1 with gold. Although she has abandoned bimetallism, the ratio between gold and silver still stands. —I am, etc., FRANK -BEIiL, Midhirst, December 18, 1031.
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Taranaki Daily News, 19 December 1931, Page 15
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114FRANCE AND THE STERLING. Taranaki Daily News, 19 December 1931, Page 15
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